Countrywide Financial
2.7 of 5 82 reviews
www.countrywide.com Calabasas, CA 5000+ Employees

Countrywide Financial Reviews

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2.7 82 reviews

                             

50% Approve of the CEO

Countrywide Financial CEO Angelo R Mozilo

Angelo R Mozilo

(4 ratings)

30% of employees recommend this company to a friend
82 Employee Reviews
Relevance Date Rating
in

Review Highlights

Pros:
  • "The best reason to work for Countrywide is that it is now a part of Bank of America"
    in 5 reviews
  • "cool place to stay but there is no much competence in mgmt good for work life balance"
    in 3 reviews
Cons:
  • "Also, work life balance is a non-idea at Countrywide"
    in 5 reviews
  • "You have to be willing to work very hard with no one seeming to notice"
    in 4 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Entrepreneurial culture

Vice President (Former Employee)
Calabasas, CA

I worked at Countrywide Financial full-time for more than 5 years

ProsCountrywide has a very entrepreneurial culture, with a strong build over buy preference. This is great for information technology resources.

ConsDepartment practices are very different, need to make sure that the department you work in matches your style of development.

Advice to Senior ManagementManagement should great one culture and not multiple small empires.

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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bankrupt

Manager (Former Employee)
Plano, TX

I worked at Countrywide Financial full-time for more than 3 years

Prosgood co workers good benefits

Conssweat shop, bankrupt bankrupt bankrupt bankrupt bankrupt

Advice to Senior Managementless management

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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The best first job I ever could have asked for

Sales Manager (Former Employee)
Phoenix, AZ

I worked at Countrywide Financial full-time for more than 3 years

Prospeople, atmosphere, pay, and PAY. Some of the smartest and most driven people were my colleagues. I met some of my best friends, made very good money and had a great time while doing it. The company was very professional, yet there was a very team oriented brotherhood.

ConsLong hours, lack of advanced training. Of course there is going to be some bad apples. In every company you work plenty of uneducated, bad employees walk through the doors, but they were weeded out quickly.

Advice to Senior ManagementThe credit crisis of 2008 was a problem not only for this one but for most of the world. I don't think there was much they could have done to mitigate that. Could they have weathered the storm better...yes, but a sale to Bank of America for around 4 Billion wan't terrible. The loss of stock price and equity for many employee's was something that was a hard pill to swallow, but like many other companies during the bubble it could have been worse.

Yes, I would recommend this company to a friend

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Good

Financial Services Representative (Former Employee)
Dallas, TX

I worked at Countrywide Financial

ProsLocation, Salary, People, on site cafeteria

ConsLess opportunity for advancement than other companies

Advice to Senior Managementthanks for not being micro managers

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  • No Opinion of CEO

 

Strong management, visionary and focused on accomplishing goals

Vice President (Former Employee)
Calabasas, CA

I worked at Countrywide Financial

ProsThey had clarity regarding key initiatives and were very supportive to insure goals were attained.

ConsHeavy volumes at times made it difficult to balance work/life.

Advice to Senior ManagementGood leadership within divisions and across divisions was very good

Yes, I would recommend this company to a friend

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Place for growth

First Vice President (Former Employee)
Calabasas, CA

I worked at Countrywide Financial

ProsExcellent professional environment, great exposure to industry and technology, endless opportunities to learn and grow. Countrywide has a variety of subsidiaries in the financial industry, mostly mortgage - and promotes employees to move and look for opportunties internally. They have excellent framework to promote new ideas, processes - both in technology and business. In the technology side, mostly home built solutions that are cutting edge and ahead of the industry. A great pool of talents, and outstanding team and professional atmosphere.

ConsStability due to economic downturn

Advice to Senior ManagementNone at this time

Yes, I would recommend this company to a friend

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No wonder Countrywide went down

Anonymous Employee (Former Employee)
Simi Valley, CA

I worked at Countrywide Financial

ProsPaid well for those with little education and no other options

ConsTreated people poorly
Broken systems
Poor reputation

Advice to Senior ManagementTurn yourself in to the authorities

No, I would not recommend this company to a friend

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Good pay, poor culture

First Vice President (Former Employee)
Los Angeles, CA

I worked at Countrywide Financial

ProsGood pay compared to peers and responsibilities in other mortgage banks. Varied opportunities to try different careers in the organization.

ConsBasically, a cowboy culture combined with nepotism. Long hours, no work/life balance once you moved pass VP title.

Advice to Senior ManagementReview the corporate culture and start living the values it is supposed to represent.

No, I would not recommend this company to a friend

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Politics is high. Hard work not consistently recognized or even recommended.

Anonymous Employee (Former Employee)
Los Angeles, CA

I worked at Countrywide Financial

ProsLarge company with many different perspectives and varying degrees of talent and skill to learn from.

ConsThose in cushy positions are sometimes impossible to deal with.

Advice to Senior ManagementPolitics is inevitable in any environment. However some of this should be monitored and the skill-experience-compensation relationship should be baselined to make sure those with valuable skills are compensated accordingly.

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Intellectually challenging but intense and often competitive work environment

Managing Director (Former Employee)
Calabasas, CA

I worked at Countrywide Financial

ProsIf you're smart and willing to seek new challenges/responsibilities, you'll often get them. Networking is key - who you know (and who likes you) matters.

ConsLong hours, tight deadlines, unrealistic expectations from executive management - all of these things are a factor in the day-to-day environment (not just once in a while.)

Advice to Senior ManagementListen to your in-house experts, especially the ones who don't agree with everything you say. They likely know more than you do and are probably right.

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Glassdoor is your free inside look at Countrywide Financial reviews and ratings — including employee satisfaction and approval rating for Countrywide Financial CEO Angelo R Mozilo. All 82 reviews posted anonymously by Countrywide Financial employees.